Uranium Energy Corp (UEC) reported QQ4 2023 results characterized by strong operating cash flow and a net cash position, even as reported gross profit was negative for the quarter. Revenue for the quarter was $38.95 million, down 18.74% year over year but up sharply from the prior quarter, reflecting a volatile uranium market and timing of shipments and sales. The company delivered $28.80 million of net cash from operating activities and finished the period with $52.87 million in cash and equivalents, supporting a net cash position of approximately -$44.33 million in net debt terms. Despite a negative gross profit of approximately $3.60 million, UEC posted operating income of $3.67 million and net income of $0.52 million, underscoring the importance of non-operating items and cost management in the quarter. Free cash flow stood at about $28.53 million, highlighting the company’s ability to convert operating performance into liquidity while maintaining a robust balance sheet.